Exclusive: Foster Wheeler was awarded a feasibility study for ARMO refineries modernization

Foster Wheeler AG announced on 31.01.2012 that a subsidiary of its Global Engineering and Construction Group has been awarded a feasibility study by Albanian Refining & Marketing of Oil sh.a. (ARMO) relating to the modernization of two refineries, located at Ballsh and Fier in Albania.
The Foster Wheeler contract value was not disclosed and will be included in the company’s fourth-quarter 2011 bookings.
ARMO intends to modernize the existing refineries at Ballsh and Fier to restore production to the original design capacity and produce transportation fuels in line with current European Union regulations. The study is expected to be completed by mid-2012.
ARMO, a former state-owned company privatized since 2008, owns these two refineries which serve both the domestic and the Balkans’ regional markets.
Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland.

www.fwc.com, 31.01.2012

Albanian refinery modernization due study
Albanian Refining & Marketing of Oil (ARMO) has let a contract to the Global Engineering & Construction Group of Foster Wheeler AG to study feasibility of modernizing its two refineries in Albania.
According to Oil & Gas Journal’s annual Worldwide Refining Report, ARMO’s refinery at Ballshi has crude capacity of 17,800 b/cd. The facility also has 12,000 b/cd of delayed coking, 3,500 b/cd of catalytic reforming, and 17,400 b/cd of catalytic hydrotreating capacity (OGJ, Dec. 5, 2011, p. 30).
ARMO’s simple refinery at Fieri has crude capacity of 8,500 b/cd.
Foster Wheeler said the formerly state-owned ARMO, privatized in 2008, wants to restore production by the refineries to original design capacity and enable them to produce transportation fuels complying with European regulations.
The study is to be complete by mid-2012.

Oil & Gas Journal, 31.01.2012